Officially, the ULTRA Europe festival will remain in Croatia until 2022.Another exclusive information was announced at the official press conference. Croatian football club Hajduk and the festival organizers have signed a sponsorship agreement, so ULTRA Europe is the only festival in the world that directly supports the work and development of a professional football club.The festival had its premiere edition in 2013, and the organizers can boast of impressive results in just five years. Split and Croatia have become unavoidable news of all world media, and according to data and results on economic and tourist traffic and the number of visitors, the ULTRA Europe festival bears the epithet of the largest international event in Croatian history. More than 150 thousand visitors from over 140 countries are a fact that few events in the world can boast of, and that the celebratory fifth edition is just an introduction to a new chapter in the entertainment and tourism industry, confirmed Joe Basic, CEO of MPG Live. license holder and festival organizer.”I am proud and happy that I can finally confirm that the ULTRA Europe festival will remain in Croatia for at least another five years! This is a result that we would not be able to achieve without the unconditional support of the Government of the Republic of Croatia, city authorities and the tourism sector, and I am sure that successful cooperation will continue in the coming years. Our expectations and goals are very clear – with the unique concept of the destination festival to become the most important summer event and the largest festival in Europe with more than 180 thousand visitors, “Said Joe Basic, who also commented on the highest security measures that visitors expect at the stadium:”The safety of our guests is extremely important to us, so we, in cooperation with local institutions and the police, have taken all measures to ensure that everything is at the highest possible level and in accordance with our high standards.. “The organizers emphasized that with additional planned investments and investments, the festival has the potential to encourage as much as one billion kuna of additional spending per year, and that by promoting numerous domestic destinations and festival locations, the goal is to keep guests in Croatia for ten days. The importance and impact of such events for positioning Croatia as an attractive destination for tourists from all over the world is extremely important. “Large events such as ULTRA Europe, in addition to being an additional motive for the arrival of tourists, create additional value to the existing tourist offer and have great promotional value for Croatian tourism because guests who visit such world-famous attractions come from many countries around the world. The extent to which such festivals, in addition to connecting with existing and creating new additional content, contribute to the development of Croatian tourism, can be seen in the fact that some destinations have achieved exceptional growth and become even more recognizable and popular destinations in Europe and around the world. I believe that the festival will again make a great contribution to Split and the entire Split-Dalmatia County, because not only will the accommodation capacity be fully filled, but will also contribute to all other service activities.”, Said the Minister of Tourism Gary Capelli.Aljoša Bašić, marketing director of HNK Hajduk, confirmed that the ULTRA Europe festival remains where it belongs, at the most beautiful Croatian stadium in Poljud, and announced to the public the unique cooperation between the organizers and the Split club: “It is my pleasure to announce that the logo of the ULTRA Europe festival will be on the Hajduk jersey from this year. Our sleeve will be adorned with a great world brand and I am glad that we have made this step forward which means even better cooperation with the festival organizers”, Said Aljoša Bašić, marketing director of HNK Hajduk after the official signing of the contract. Namely, the ULTRA Europe festival signed a sponsorship agreement with Hajduk and thus became the first music festival in the world to support the work of a professional football club.Also, the University of Split, headed by the Rector prof. dr. sc. Šimun Anđelinović, initiated a research that will be conducted by students of the University in cooperation with the organizers, and which will show the positive economic effects on the city and the entire Split-Dalmatia County. Joško Stella, director of the Split-Dalmatia County Tourist Board, confirmed that events such as ULTRA Europe, in addition to great promotional value, greatly contribute to creating a new and different image of our tourism and give additional value to the existing tourist offer, while Alijana Vukšić, director of the Split Tourist Board , pointed out that in addition to the festival, visitors will enjoy the natural beauty and numerous cultural, sports and entertainment facilities offered by Split and the whole of Dalmatia, and she is sure that Split will be a good host of this great musical event this year as well.
Naïm Abou-Jaoude, chief executive at Candriam, told IPE the brand change was necessary, would reinvigorate the business and give it a positive momentum among clients and staff.He said now the transformation was complete, the business would focus on its third-party distribution and its institutional business – which accounts for around two-thirds of the manager’s assets.“With our new brand offering a fresh start, coupled with the stability of the management,” Abou-Jaoude said, “we can fully enhance the business, and in particular our relationships with the consultants, who are likely to be more open to having new discussions with us on what we can offer to their clients.”Candriam, within the next nine months, wants to grow institutional business in Switzerland and Germany while increasing third-party distribution exposure in the UK.Abou-Jaoude said institutional business in the UK was an ambition but would be more realistic in 18 months’ time.With regard to offerings, the chief executive said Candriam was looking to build on its previous products and provide more suitable solutions to institutional clients.“We want to go in two directions,” he said. “One is offering a flexible multi-asset fund, and a multi-asset income fund, which will capture the spreads from different asset class.“The second is short high-yield offering, using a combination of long-short strategies.”The firm is also working on equity products for its insurance clients that will utilise the benefits of derivatives, mitigating the downside of equity investing, and reducing the capital requirements under Solvency II.In terms of the asset manager’s new partnership with NYLIM, the firm said its expansion would not include the US, given its complementary offering to its parent’s other boutiques.“We cover some other products NYLIM does not have, so the idea is to complement the offering and see how we can develop synergies on both sides,” Abou-Jaoude said.Yie-Hsin Hung, co-president of NYLIM and chair of Candriam, told IPE the boutique owner would also continue its expansion after its foray in the European market with the Dexia acquisition.“We continue to want to grow our business,” she said.“Our aspiration would be to grow in areas we don’t have a presence today, but our immediate focus is that Candriam is successful and can leverage all the resources available from NYLIM.” Candriam, the new trading name for Dexia Asset Management, will look to expand its offering in three new territories following its rebrand and completed takeover by New York Life Investment Management (NYLIM).The manager, which was plagued by uncertainty for more than two years as it was subject to takeover talks, saw business deteriorate as clients awaited confirmation of the firm’s future.However, in December 2013, US-based NYLIM, the asset management arm of insurer New York Life, completed its rumoured takeover of the European manager, adding it to its multi-boutique operation.The following February, it was announced the firm would shed its Dexia brand, moving forward from the turmoil under the name Candriam.
Minister Augustus Flomo addresses participants at the 9th Summit of the African, Caribbean, and Pacific Heads of State and Government and Ministerial Discussion.…Says Deputy Economic Finance MinisterAugustus J. Flomo, Deputy Minister for Economic Management at the Ministry of Finance and Development Planning (MFDP) believes that the agriculture value chain will enhance job creation, economic expansion, as well as ensuring the domestic revenue capacity of each country.Mr. Flomo spoke at the 9th Summit of the African, Caribbean, and Pacific (ACP) Heads of State and Government and Ministerial Discussion which is underway in Nairobi, Kenya.The Summit comes at an auspicious time for the ACP Group as it prepares to finalize the Post-Cotonou negotiations as well as the revision to its Constitutive Act, the Georgetown Agreement.Flomo told the gathering that discussions held over the last few days are important in moving the future of ACP and enhancing the ability of member countries to strengthening and developing development programs of the organization activities.He explained that SMEs are strong pillars of sustainable economic development in ACP countries and the declaration should highlight and support the development and sustainability of SMEs in their respective economies as they serve as the bedrock for economic growth.“We are aware that SMEs are strong pillars of sustainable economic development in our respective countries and so the declaration should highlight and support the development and sustainability of SMEs in our respective economies as they serve as the bedrock for our economic growth,” Hon. Flomo asserted.He said the ACP agriculture value chain program as highlighted in the declaration will focus on sustainable agriculture to promote especially countries that have survived on agriculture for the purpose of food security.He noted that private sector development and promoting economic development and growth are critical to the sustaining of countries.“We would like to encourage that ACP agriculture value chain program, as we highlighted in the declaration, will focus on sustainable agriculture to promote, especially countries that have survived on agriculture just for the purpose of food security. We also believe that private sector development and promoting economic development and growth is critical to the sustaining of our respective countries,” he added.He expressed the need for the enhance program design and development of the ACP execution which supports strengthening the future as ACP countries and, at the same time, strengthening the union.He commended the drafters of the declaration, stating that Liberia fully supports the draft declaration with considered inputs.During the summit, discussions focused on areas including: Value chain development of agriculture; Private sector development and economic growth; the future of our ACP, including the development finance Corporation; and the opportunity that we have now to witness the change of leadership very soon beginning with the selection of our new secretary general which we will also like to congratulate.However, the Deputy Finance Minister for Economic Management thanked the organizers of the summit for its successful conduct and expressed sympathy on behalf of the Government of Liberia to the people Kenya, for the loss of lives during the challenging time of climate change encountered in that country during the summit.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)